Kathmandu. Tehrathum Power Company Limited is going to issue right shares from June 15. The company is going to issue 100 percent right shares.
The company has received permission from the Securities Board of Nepal to issue 4 million units of right shares in the ratio of 1:1 at the face value of Rs 100 per share. The company will collect Rs 400 million by selling the rights.
The company has already closed the book for the issue of right shares on May 15. According to this, only shareholders can apply for this right share till May 30.
The last date for submission of applications has been fixed on July 15. Nabil Investment Banking Limited is the issue manager of the company.
Applications can also be made from nabil investment banking office in Naxal, Chathar, Myanglung, Phedap and Sankranti bazaar branches of Nabil Bank at Tehrathum, Menchayam branch of Kumari Bank and all banks and financial institutions participating in aswa service from Securities Board of Nepal and their designated branch offices.
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